Corporate Tax Rate in Turkey decreased to 20 percent in 2021 from 22 percent in 2020. source: Turkish Revenue Administration

Corporate Tax Rate in Turkey averaged 24.32 percent from 1997 until 2021, reaching an all time high of 33 percent in 2000 and a record low of 20 percent in 2006. This page provides the latest reported value for - Turkey Corporate Tax Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Corporate Tax Rate - values, historical data and charts - was last updated on May of 2021.

Corporate Tax Rate in Turkey is expected to reach 20.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Corporate Tax Rate is projected to trend around 20.00 percent in 2022, according to our econometric models.

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Turkey Corporate Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
20.00 22.00 33.00 20.00 1997 - 2021 percent Yearly

Turkey Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 20.00 22.00 33.00 20.00 percent [+]
Personal Income Tax Rate 35.00 35.00 40.00 35.00 percent [+]
Sales Tax Rate 18.00 18.00 18.00 18.00 percent [+]
Social Security Rate 37.50 37.50 38.50 31.50 percent [+]
Social Security Rate For Companies 22.50 22.50 22.50 16.50 percent [+]
Social Security Rate For Employees 15.00 15.00 16.00 14.00 percent [+]


Turkey Corporate Tax Rate
In Turkey, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Turkey.